ADM has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavour and functional ingredient systems.
FDL, with projected 2023 sales of approximately $120m, operates three production facilities and two customer innovation centres, all in the United Kingdom.
The company’s approximately 235 colleagues, which include about 40 dedicated innovation specialists, have created more than 10,000 proprietary flavour formulations that enable accelerated speed to market.
FDL’s customers span channels, and include a significant presence in the $900bn European foodservice segment.
“Our ongoing investments to add to our flavours portfolio are helping power our strategic work to build a global leader in Nutrition,” said Calvin McEvoy, ADM’s President of Global Flavors.
“FDL’s innovative and agile formulation knowledge, deep end-use applications expertise and strong customer base make them a great addition to ADM’s global flavour capabilities."
"We are incredibly impressed by the FDL team, and we believe both companies will benefit from each other as we work to expand our reach in key channels, particularly foodservice.”
Eric Beatty, CEO of FDL, said: “We are excited to enter into this agreement with ADM. They’re an ideal partner for us, with global nutrition and flavour capabilities that will provide new opportunities to strengthen FDL’s portfolio of taste and nutrition solutions."
"In turn, the FDL team looks forward to helping add to ADM’s broad offerings with our diverse portfolio of flavour and functional ingredient systems, IP, and capabilities, as well as the entrepreneurial spirit and innovativeness of human talent that has enabled FDL to become a differentiated market leader today.”